9/08/2008 - EUR/USD - Price action on the EUR/USD daily chart, as shown, has pulled back up to the long-term uptrend support line that it broke on Thursday of last week. After pulling back almost precisely to the line (represented  |


Daily Pivots: (S1) 1.4192; (P) 1.4269; (R1) 1.4342; More EUR/USD's recovery was limited at 1.4428 and recent decline resumes by taking out 1.4196 low, edging lower to 1.4165. Further decline is still expected to next cluster support at 1.3851 (50%  |  |
Daily Pivots: (S1) 1.7551; (P) 1.7646; (R1) 1.7757; More Cable's recovery was limited at 1.7974, below 4 hours 55 EMA and weakens sharply pre US session. Nevertheless, with an intraday low in place at 1.7537, outlook remains neutral for the  |  |
Daily Pivots: (S1) 106.25; (P) 106.99; (R1) 108.45; More . USD/JPY is bounded in tight range below 109.18 after gapping higher to 109.04 earlier today. Outlook remains mixed for the moment. On the upside, break of 109.18 will invalidate prior  |  |


Daily Pivots: (S1) 1.0573; (P) 1.0649; (R1) 1.0698; More . No change in USD/CAD's outlook as the pair continues to consolidate in established range below 1.0776. More choppy sideway trading could still be seen with risk of another fall for  |  |
The Sterling may continue its downtrend versus U.S. dollar as we can see strong volatility in the market, based on technical indicators like RSI, which breaks 70% line downwards, MACD crosses the signal line and breaks the equilibrium level, and  |  |
EUR/USD -market strategy can be a sell from the level 1.4390$ Technical oscillators supporting the bearish trend for the currency pair To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the  |  |
CHF The pre-planned breakout variant for buyers was realized but without attainment of presumed targets within the past trading day. OsMA trend indicator, despite the signs of pair overbought nevertheless it kept the minimum of buying advantages as the basis  |  |
Speculative positions close to unchanged Overall speculative positions were little changed in the week from 26 August to 2 September. Net long USD positions were sustained at levels seen in the week prior - a multi-year high - and speculative  |  |
AUD moved until 0,8000 area, where the lower part of the upward channel in the chart and 2004 and 2005 tops are found. Important support is found at these levels and is considered as the beginning of the stabilization. A  |  |
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